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RE: Bounty 10 Steem: Who creates the fiat money

in #question • 6 years ago

There is a thing called the FED funds rate - this is the rate at which the FED is willing to lend to commercial banks. All the QE's we saw in the past 10 years is exactly the decrasing of this federal funds rate.

6 years ago in #question by
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     6 years ago 

    So the bank is getting the money from the bank at the funds rate? And will have to pay it back?

    So all money essentially is created by the fed?

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